Business Statistics_3

#1. Which of the following is an example of quantitative data?

a) Color of a car

b) Height of students

c) Type of music

d) Gender

#2. Which branch of statistics is concerned with summarizing data?

a) Inferential statistics

b) Experimental statistics

c) Descriptive statistics

d) Qualitative statistics

#3. The reliability of statistical results depends on:

a) Personal opinions

b) Size and quality of data

c) Sample bias

d) Fixed rules

#4. Statistics are most reliable when based on:

a) Vague assumptions

b) Personal judgment

c) Large and representative data

d) Limited and biased samples

#5. Which is NOT a characteristic of good statistics?

a) Accuracy

b) Comparability

c) Subjectivity

d) Representativeness

#6. The role of statistics in business includes:

a) Advertising products

b) Predicting future sales

c) Reducing taxes

d) Avoiding customer complaints

#7. Which of the following is an application of statistics in economics?

a) Tax planning

b) Market research

c) National income estimation

d) Software development

#8. "Statistics are aggregates of facts" means:

a) Based on individual values

b) Based on a single observation

c) Based on group observations

d) None of these

#9. A key limitation of statistics is:

a) It gives biased results

b) It is based on personal preferences

c) It may not reveal the true cause

d) It never involves numerical data

#10. Statistics can help in decision-making by:

a) Avoiding data

b) Guessing trends

c) Offering data-driven insights

d) Ignoring facts

#11. Which of the following best defines statistics?

a) A mathematical formula

b) A science of counting people

c) A method of collecting, organizing, analyzing, and interpreting data

d) A set of random numbers

#12. In which field is statistics not commonly used?

Astrology

Economics

Education

Medicine

#13. Which of the following is an example of descriptive statistics?

a) Predicting next year’s sales

b) Hypothesis testing

c) Calculating average income of a group

d) Confidence interval estimation

#14. Limitation of statistics is that it deals with:

a) Complete truth

b) Group facts, not individuals

c) Individual facts

d) Subjective ideas only

#15. Which of the following is the first step in a statistical investigation?

a) Data analysis

b) Data interpretation

c) Collection of data

d) Defining the problem

#16. Scope of statistics in modern times includes:

a) Government policies

b) Quality control in industries

c) Forecasting in business

d) All of the above

#17. The word 'Statistics' is derived from the Latin word:

Statista

Statisticum

Statistike

Statica

#18. Statistics cannot be used to study:

a) Human behavior

b) Emotions and feelings directly

c) Population growth

d) Business trends

#19. Which of the following is a true statement?

a) Statistics is an exact science

b) Statistics always provides correct decisions

c) Statistics is a tool for analysis and decision making

d) Statistics is only useful in mathematics

#20. Which of the following is not a function of statistics?

a) Simplifying complex data

b) Establishing relationships

c) Measuring qualitative aspects like love

d) Providing a basis for comparison

#21. Statistics is a branch of:

Chemistry

Mathematics

Psychology

Biology

#22. Statistics helps in presenting complex data in a:

a) Confusing way

b) Simple and understandable form

c) Theoretical format

d) Biased summary

#23. Who is known as the father of modern statistics?

Newton

Ronald A. Fisher

Karl Pearson

Aristotle

#24. One of the major limitations of statistics is that it can be:

a) Misused

b) Applied to ethics

c) Always accurate

d) Free of bias

#25. Which of the following is not a stage of statistical investigation?

a) Collection of data

b) Editing of literature

c) Analysis of data

d) Interpretation of results

#26. Statistics is useful in:

a) Planning and policy formation

b) Personal judgments

c) Religious beliefs

d) Emotional decisions

#27. Which of the following is NOT a function of statistics?

a) Predicting trends

b) Making emotional judgments

c) Facilitating comparisons

d) Helping in decision making

#28. The term "data" refers to:

a) Rules and laws

b) Raw facts and figures

c) Concepts and ideas

d) Emotions and feelings

#29. Which statement is false regarding statistics?

a) It is based on numerical data

b) It deals with individual cases only

c) It helps in estimation and forecasting

d) It is applicable in various fields

#30. The scope of statistics in management includes:

a) Business forecasting

b) Quality control

c) Market research